Tax Audit Insurance-Overview
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Read this guide to assist you in assessing your insurance requirements.
Tax Audit Insurance
Business and individuals may encounter an audit by the Australian Tax Office which can include GST audits, or audits by other Government Bodies including Workcover Authority, State Governments audits for payroll tax and stamp duties, as a result of these types of audits they may incurr professional fees from their accountant or other necessary professionals to comply with the audit. These fees can be insured under a Tax Audit insurance policy.
If you or your business are subjected to an audit the impact it has on your day to day business activities will be greatly reduced if you consult and use expert professionals to conduct the audit on your behalf.
Cover is available up to $50,000 for professional fees and policies can be arranged for a single company or a group of related companies and it directors.